Lamar Advertising (LAMR) Tops Q1 EPS by 1c, Slight Miss on Revenues

Lamar Advertising (NASDAQ: LAMR) reported Q1 EPS of $0.51, $0.01 better than the analyst estimate of $0.50. Revenue for the quarter came in at $384.5 million versus the consensus estimate of $385.58 million.

First Quarter Highlights

• Net revenue increased 6.5% to $384.5 million
• Net income increased $36.2 million to $51.3 million
• Adjusted EBITDA increased 5.2% to $146.1 million
• Local revenue increased 4.3%
• Same unit digital revenue increased 4.9%
• AFFO increased 2.7%
• Diluted AFFO per share increased 1.0%

"The first quarter played out largely as we anticipated, with acquisition-adjusted revenue growth a little over 2%," Chief Executive Sean Reilly said. "I’m particularly pleased by the continued strong performance of our digital platform, and I’m optimistic about the balance of 2019.”

For earnings history and earnings-related data on Lamar Advertising (LAMR) click here.

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